risk assessment The qualitative and quantitative evaluation performed in an effort to define the risk posed to human health and/or the environment by an action or by the presence or use of a specific substance or pollutant
A process used to identify and evaluate risk and its potential effects(Risk assessments are used to identify those items or areas that present the highest risk, vulnerability or exposure to the enterprise for inclusion in the IS annual audit plan. Risk assessments are also used to manage the project delivery and project benefit risk)